11. Based upon Exhibit 1, and assuming the market price of Walnuts shares at expiration is $66,...

Question:

11. Based upon Exhibit 1, and assuming the market price of Walnut’s shares at expiration is

$66, the profit or loss, on a per share basis, from investing in Strategy 3, is closest to:

A. –$1.57.

B. $0.42.

C. $1.00.

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